COBRA

June 8th, 2018 at 05:29 pm

This is the first time that I’ve ever left a job and could afford COBRA. I received my COBRA notice from my previous employer, and it was $384.25, I added to my budget for the next pay period, next Friday to pay.

Wow, just being able to do this, shows that I’m on the right track. Even after paying this bill, and others, I still have $300 left to add to CC5.

8 Responses to “COBRA ”

When does the health insurance from the new job kick in? Did you know COBRA is retroactive? You have up to 60 days to apply for it, I believe. So if you were out of work for two weeks, your new health insurance kicks in after a month of employment, and you have no major medical bills during that time, you can choose not to apply for COBRA and save the money.

I believe you can go 90 days witthout coverage without being subjected to fines. Obama was well aware that many jobs don’t start insurance coverage right away so they built in that protection for people who might be switching jobs and can’t afford COBRA.